Those credit investors who gambled on higher-yielding corporate bonds in the midst of the Iran war are looking increasingly vindicated as markets rebound on hopes of a lasting truce.

A wave of hospital bankruptcies has brought in its wake high-stakes lawsuits aiming to boost creditor payouts by targeting health insurers over allegedly systemic claim denials.

Seventeen years ago and change, Lehman Brothers collapsed, setting off a global financial crisis. For those of us who lived and blogged through it, the Great Recession (as it was known in the US) is seared into our memory, and no one wants to relive it. That’s why we’re so attuned to any Wall Street phenomena that might trigger another financial crisis: the AI bubble, perhaps, or the trillions of dollars in opaque credit instruments known as private credit.

Chinese Foreign Minister Wang Yi pledged to deepen relations with Rome in a meeting with his Italian counterpart, as a split worsens between US President Donald Trump and Prime Minister Giorgia Meloni.

US Health and Human Services Secretary Robert F. Kennedy Jr. acknowledged that vaccination may have saved the 6-year-old Texas child who died from measles last year, even as he defended the Trump administration’s controversial policies at a hearing on Capitol Hill Thursday.

A committee representing clergy sex abuse claimants in the Archdiocese of Baltimore’s bankruptcy case announced that it reached a $100 million settlement with the Catholic institution’s largest insurer, the Hartford.